Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.» Read More
Maybe the financials have bottomed and maybe they haven’t, but either way it looks like more write-downs lie ahead.
Stocks finished higher in feather-light trading Wednesday, boosted by a rise in financials and energy stocks, as well as a better-than-expected durable-goods report.
Stocks advanced in light trading Wednesday, boosted by a rise in financials and housing stocks, as well as a better-than-expected durable-goods report. Earlier, stocks had swayed, torn between the encouraging durables report and oil's ascent amid the threat of tropical storm Gustav.
Lots of discussion about the "Fannie/Freddie mystery," i.e.: Why, if the common is worthless, have the stocks rallied 22 percent (for Fannie Mae) and 57 percent (for Freddie Mac) this week?
Stocks turned lower Wednesday as rising oil prices offset a better-than-expected report on durable-goods orders.
U.S. stock index futures bounced back after a better-than-expected report on durable-goods orders.
The Dow fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
How do you make money when the financials crush the rest of the market?
Sometimes a stock is hot and other times it just burns. Following are the Fast Money misfires.
The Dow recorded triple digit gains on Friday due to a sharp plunge in the price of oil and talk that Lehman may soon attract a major investor.
The bank is suffering one setback after another, helping to prevent the market from finding any solid ground.
Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.
US stocks ended mixed Thursday as a jump in oil prices boosted oil stocks and speculation about a government bailout of Fannie Mae and Freddie Mac, and a possible takeover of Lehman Brothers, gave investors some hope that relief is coming.
US stocks declined Thursday as oil surged and worries about the future of Fannie Mae, Freddie Mac and Lehman Brothers weighed on the market.
US stocks declined Thursday as worries about the future of Fannie Mae, Freddie Mac and Lehman Brothers weighed on the market. Oil surged past $120 a barrel.
Shares of Lehman bounced mid-day Thursday after word of an upgrade hit the Street and CNBC brought you a live interview with analyst Dick Bove in a First on Fast.
Regarding Fannie Mae and Freddie Mac:The most important issue is not the value of the equity holders' stake, but to ensure that Fannie and Freddie keep operating. Even slight glitches can have ripple effects. AND: Citi says BUY Lehman & Morgan Stanley!
Fast Money Now – the trades you need while the market is open.
Our coverage is shaping up to be all about financials this week. A "deathwatch" of sorts.
The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week